Sulja Bros. Building Supplies, Ltd (SLJB)

[monkeyfrog]

Does this make any sense to you Party?


Instead of the Sulja Acquisition Corp being the blank check public vehicle, the acquistion corp ACQUIRED LFWK's PUBLIC VEHICLE (NOT MERGED INTO IT). If Sulja Acquistion Corp was the SPAC corp, it would require 80% shareholder approval to acquire LFWK. In this case, LFWK insiders own the float, they say, and are non-reporting. So LFWK never held a shareholders vote to approve the acquistion of their public vehicle by Sulja's Acquisition corp.